AcasăEurope NewsAnnual inflation rate down to 5.9 pct in April 2024

Annual inflation rate down to 5.9 pct in April 2024

Published on

The annual inflation rate fell to 5.9% in April 2024, from 6.61% in March, as prices of food products rose by 2.07%, of non-food products by 7.17% and of services by 10.05%, according to data published Tuesday by the National Institute of Statistics (INS).

„The consumer price index stood at 100.08% in April 2024 compared to March 2024. The year-to-date inflation rate (April 2024 compared to December 2023) was 2.4%. The annual inflation rate was 5.9% in April 2024 compared to April 2023. The average rate of change in consumer prices was 8.1% in the last 12 months (May 2023 – April 2024) year-over-year,” the INS release said.

According to the cited source, the harmonized index of consumer prices was 100.36% in April 2024 compared to March 2024. The annual inflation rate calculated on the basis of the harmonized index of consumer prices (HICP) was 6.3% in April 2024 compared to April 2023. The average rate of change in consumer prices based on the HICP was 8.0% in the last 12 months (May 2023 – April 2024), year-over-year.

The National Bank of Romania (BNR) revised down to 4.7% its inflation forecast for the end of this year from 4.8% in November, and expects it to reach 3.5% by the end of 2025, according to data presented by the National Bank of Romania (BNR) governor, Mugur Isarescu.

AGERPRES

Latest articles

Euro trades at 4.9765 RON

The exchange rate of the national leu currency resulting from the quotations announced on...

Antibiotice Iasi reports net profit of 87.9 million RON, up 15 pct, in first nine months

Romanian drug manufacturer Antibiotice Iasi recorded a net profit of 87.9 million RON in...

Fondul Proprietatea, profit of 209.6 million RON in the first nine months

Fondul Proprietatea ended the first nine months of this year with a net profit...

Bucharest Stock Exchange opens Friday’s session in the red on most indices

The Bucharest Stock Exchange (BVB) opened with declines on most indices on Friday, and...

More like this

Euro trades at 4.9765 RON

The exchange rate of the national leu currency resulting from the quotations announced on...

Antibiotice Iasi reports net profit of 87.9 million RON, up 15 pct, in first nine months

Romanian drug manufacturer Antibiotice Iasi recorded a net profit of 87.9 million RON in...

Fondul Proprietatea, profit of 209.6 million RON in the first nine months

Fondul Proprietatea ended the first nine months of this year with a net profit...